Share of the week is KIBO:Kibo Mining, which climbed 25% this week and is at a healthy £234 profit. I'm almost tempted to sell, as they keep doing this and then dropping again, but I'm still impressed with them and so I'm holding on for greater glories.
Meanwhile the relentless climb of GVC:GVC Holdings continues, moving up another 6% after 9% last week. My shares in GVC are now up by 49% altogether, with a £1,103 profit plus another £236 profit I banked a few months ago. Once they get into the FTSE 250 and the tracker funds buy them, they should jump more, and the way things are going will be knocking on the door of the FTSE 100 before too long.
Here's the main portfolio performance this week
| Weekly Change | |||
| Portfolio cost | £36,979.15 | +£0 | |
| Portfolio value (share price) | £35,073.79 | (-4.5%) | +£311.77 |
| Portfolio sell value (bid price - commission) | £33,906.35 | (-8.3%) | +£340.26 |
| Potential profits | £1,820.95 | +£355.55 | |
| Dividends | £525.54 | +£38.72 | |
| Profit from sales | £3,381.80 | +£0 | |
| Average monthly cash profit | £388.44 | -£5.64 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 12.6% |
No new purchases, and the second week in a row with £300+ gains. Potential profits were up more than the weekly rise, so a few losses deepened. Mainly companies like SPD:Sports Direct and VEC:Vectura that have swung from profit to loss.
A couple of dividends this week. LOOK:Lookers are really struggling, down 19% and a loss of £425. I still can't see why as they are trading strongly. Their £23.76 dividend was most welcome. The other £14.96 came from PTEC:Playtech, which is one of my shares that keeps threatening to go into profit and then dropping back again.
The dividends helped prop up the average monthly profit so the decline is only £5.64 a month. I just have 9 more weeks to try and keep this performance up, but if I don't get another dividend or sell another share, my performance after 52 weeks will be £321 a month which is 10.4%, so I'm guaranteed to have cleared 10% in my first year, albeit with the paper value of the portfolio down by 8.3%. I'm deliriously happy with that, as when I started I was targeting 6%.
The SIPP looks like this at week 27
| Weekly Change | |||
| Portfolio cost | £11,880.42 | +£400.27 | |
| Portfolio value (share price) | £13,437.28 | (+13.6%) | +£65.34 |
| Portfolio sell value (bid price - commission) | £13,128.82 | (+10.5%) | +£109.31 |
| Potential profits | £1,630.66 | +£48.08 | |
| Dividends | £115.59 | +£14.28 | |
| Profit from sales | £706.12 | +£0 | |
| Average monthly cash profit | £128.56 | -£3.40 | |
| (Sold stocks profit + Dividends - Fees / Months) | |||
| Avg annual % of current portfolio cost | 13% |
Another £400 added from the tax man and dividends, and a small injection to round it up. The portfolio value is up by over £100 and most of that is actually a reduction in losses, as the potential profits only rose by £48. Much of this was the recovery on ALM:Allied Minds, which rose 5% and is now only down by 9%. This is a very volatile share!
The £14.28 dividend was from SLI:Standard Life Property Investment, which I sold recently. It's more than I was expecting, so feeling a little sorry I sold them now. I used the cash to by the county's most shorted share CLLN:Carillion, which is down by just 1% and losing £32 so far. I do hope the shorters get stung when this one rebounds.
The dividend helps reduce the decrease in monthly profit to just £3.40 a month and we're still healthily over 10% with the portfolio itself over 10% up as well. Absolutely stunning performance, and really making me think about diverting my work pension into here when they close down the final salary scheme. I'll be leaving that where it is though!
Next week has a few points of interest to look forward to. AMYT:Amryt Pharma gives its first trading statement on Thursday, which will either cause an even worse collapse in the share price or might reduce my £450 losses. I keep hoping I can sell off some of my laclustre shares, but they just won't go into profit. Poor economic results in USA could hold the Fed off raising interest rates and could let gold creep back upwards as I strive to get my one loss-making gold mine AVM:Avocet Mining into profit rather than £376 loss. I still howl at the moon every time I remember that moment of stupidity as I jumped on the bandwagon just as the share hit the top of its spike - ouch!
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